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Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19

We investigate the behavior of aggregate hours supplied by workers in permanent (open-ended) contracts and temporary contracts, distinguishing changes in employment (extensive margin) and hours per worker (intensive margin). We focus on the differences between the Great Recession and the start of th...

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Autores principales: Lafuente, Cristina, Santaeulàlia-Llopis, Raül, Visschers, Ludo
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8637037/
https://www.ncbi.nlm.nih.gov/pubmed/34873420
http://dx.doi.org/10.1007/s13209-021-00257-1
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author Lafuente, Cristina
Santaeulàlia-Llopis, Raül
Visschers, Ludo
author_facet Lafuente, Cristina
Santaeulàlia-Llopis, Raül
Visschers, Ludo
author_sort Lafuente, Cristina
collection PubMed
description We investigate the behavior of aggregate hours supplied by workers in permanent (open-ended) contracts and temporary contracts, distinguishing changes in employment (extensive margin) and hours per worker (intensive margin). We focus on the differences between the Great Recession and the start of the COVID-19 Recession. In the Great Recession, the loss in aggregate hours is largely accounted for by employment losses (hours per worker did not adjust) and initially mainly by workers in temporary contracts. In contrast, in the early stages of the COVID-19 Recession, approximately sixty percent of the drop in aggregate hours is accounted for by permanent workers that do not only adjust hours per worker (beyond average) but also face employment losses—accounting for one-third of the total employment losses in the economy. We argue that our comparison across recessions allows for a more general discussion on the impact of adjustment frictions in the dual labor market and the effects policy, in particular the short-time work policy (ERTE) in Spain.
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spelling pubmed-86370372021-12-02 Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19 Lafuente, Cristina Santaeulàlia-Llopis, Raül Visschers, Ludo SERIEs (Berl) Original Article We investigate the behavior of aggregate hours supplied by workers in permanent (open-ended) contracts and temporary contracts, distinguishing changes in employment (extensive margin) and hours per worker (intensive margin). We focus on the differences between the Great Recession and the start of the COVID-19 Recession. In the Great Recession, the loss in aggregate hours is largely accounted for by employment losses (hours per worker did not adjust) and initially mainly by workers in temporary contracts. In contrast, in the early stages of the COVID-19 Recession, approximately sixty percent of the drop in aggregate hours is accounted for by permanent workers that do not only adjust hours per worker (beyond average) but also face employment losses—accounting for one-third of the total employment losses in the economy. We argue that our comparison across recessions allows for a more general discussion on the impact of adjustment frictions in the dual labor market and the effects policy, in particular the short-time work policy (ERTE) in Spain. Springer Berlin Heidelberg 2021-12-02 2022 /pmc/articles/PMC8637037/ /pubmed/34873420 http://dx.doi.org/10.1007/s13209-021-00257-1 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Article
Lafuente, Cristina
Santaeulàlia-Llopis, Raül
Visschers, Ludo
Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title_full Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title_fullStr Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title_full_unstemmed Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title_short Temping fates in Spain: hours and employment in a dual labor market during the Great Recession and COVID-19
title_sort temping fates in spain: hours and employment in a dual labor market during the great recession and covid-19
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8637037/
https://www.ncbi.nlm.nih.gov/pubmed/34873420
http://dx.doi.org/10.1007/s13209-021-00257-1
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